3 ms·

Yeah, using € means he's in the European Union. In one of the countries that's using Euros. Eurostat estimates inflation at 1.5% in the Euro area.

• Tichy 17y ago
  It depends how you count, though. I recently read a book that claimed inflation is more like 6 or 7% - for the things that matter. The government decides what goods to put into the "standard basket" to calculate the inflation. They can choose goods that make inflation numbers seem good. Yes I know it is usually not 10% (although we might still be in the middle of an economic crisis - Greece, one of the Euro countries, just going bankrupt). I am not sure if a typical salary raise is 10%, either. I am pretty sure that with salary raises alone, you won't be making significant headway as an employee (your company won't upgrade you from 50K/year to 100K/year). The only way to earn more is typically to switch jobs. I never had a contract that said "salary will be raised by 10% every year", it was just a number I took out of thin air.